Modern Times Group (MTG) is a digital entertainment company based in Stockholm, Sweden. MTG was formed out of the media holdings of investment company Kinnevik, which in 1997 was distributed to the company stockholders. Today MTG operates as a strategic and operational investment holding company managing a unique portfolio including eSports businesses ESL and DreamHack, gaming companies InnoGames and Kongregate as well as digital network company Zoomin.TV.

Kinnevik distributed the MTG shares to its shareholders in 2018[1] and in 2019 MTG distributed shares in the newly founded Nordic Entertainment Group to its shareholders following the strategic transformation into a global digital entertainment company.[2]

Since July 2015, MTG's digital presence was expanded through a number of acquisitions. In 2015 MTG bought 74% of the shares in Turtle Entertainment, a top-tier eSports tournament operator, owning brands such as Electronic Sports League (ESL). MTG then acquired 51% of the shares in Zoomin.TV, Europe's largest MCN and the 5th largest network on YouTube. Later the same year MTG made the acquisition of 100% of DreamHack, one of the biggest eSports tournament organisers in the world. In 2016 and 2017 MTG continued its journey by acquiring 35% of a leading German games developing company InnoGames and U.S. based games publishing company Kongregate. Since the start of its investment operations MTG has made further share acquisitions in the before-mentioned companies.

October: MTG sold Viasat Russian & international pay-TV channels (factual, movie and sports channels in Russia. TV1000 and pan-regional factual channels in international) to Baring Vostok Company in international and LLC Sinerdzhi in Russia.[11]

May: MTG took a 22 per cent stake in Engage Sports Media (ESM). ESM described the deal as a ‘strategically important investment’ that will allow ESM to accelerate its growth and focuses on content IP development, technical tools and adding new talent across the business. Arnd Benninghoff, CEO of MTGx said “this investment reflects our focus on becoming the leading digital video entertainment company in each of our markets, and our strategy to invest in relevant, complementary and scalable digital brands, content and communities.”

January: MTG sold TRACE Media Group to TPG Growth.[31] In May 2018, the transaction was completed.[32]

February: MTG business in Scandinavia (MTG Nordic Entertainment and MTG Studios) combination with TDC Group proposed.[33] MTG sold Nova Broadcasting Group in Bulgaria to PPF Group.[34]

March: Board of Directors of TDC Group withdraws its recommendation of combination with MTG Nordics.[33] Modern Times Group (MTG) will split into two companies: Nordic Entertainment Group[35] (MTG Nordic Entertainment, MTG Studios and Splay Networks) and new MTG company (MTGx).[36]

May: MTG increased the share in Zoom.in Group B.V. (Zoomin.TV) from 51% to 100%.[37]